– USA, CA – Cadence Design Systems, Inc. (Nasdaq: CDNS) today announced the appointment of current board member, ML Krakauer as Chair of the Board of Directors, effective May 4, 2023, succeeding Lip-Bu Tan, who had served as Executive Chair.
“ML first joined our board in January 2022, and we’re honored that she’s been appointed chair as we embark on the next phase of our growth. We look forward to leveraging ML’s rich experience and expertise to further expand upon our Intelligent System Design strategy and augment shareholder value,” said CEO, Dr. Anirudh Devgan.
About Mary Louise Krakauer
Ms. Krakauer, who previously held various executive roles at global technology companies, also serves as a director of Mercury Systems, Inc. and Proterra Inc. ML Krakauer retired as EVP, and CIO of Dell Corporation, a global information technology company, in January 2017. Before that, she served in various executive positions at EMC Corporation, a global IT infrastructure company, which she joined in 2008, including EVP, and CIO in 2016; EVP, of business development, at Global Enterprise Services in 2015; and EVP, Global Human Resources from 2012 to 2015. Ms. Krakauer also held executive general management roles at Hewlett-Packard Enterprise, Compaq Computer Corporation, and Digital Equipment Corporation.
“Cadence’s growth has been phenomenal over the past several years, and I’m ready to explore new market opportunities and drive strategic initiatives to further advance the company’s position in the computational software industry,” said ML Krakauer. “I share Anirudh’s passion for innovation and customer success, and I look forward to collaborating with Anirudh and the executive team to build upon Cadence’s strong foundation and take the company to new heights.”
About Cadence
Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware, and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, providing extraordinary electronic products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial, and healthcare. For nine years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For.
Source: https://www.cadence.com/
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